Spot Volumes Increase 17% in February while CME's ETH Futures Reach $1bn in Trading Volume

February was another bullish month for crypto with Bitcoin topping $58,000, and spot volumes surpassing January by 17.2%. CME's new ETH futures reached $1bn in trading volumes since the February 9th launch while derivatives open interest across all products surged.

February Highlights

• Newly launched CME ETH futures reached $1bn trading volume in first month
• Aggregate derivatives volumes remained steady while open interest jumped
• Spot volumes increased by 17.2% to $2.74tn – Top-Tier exchanges gained market share following new benchmark rankings